Harvey Secures $100M Series C to Enhance AI Legal Platform
Harvey is at the forefront of transforming the legal industry through artificial intelligence.
Company Name: Harvey
Location: San Francisco, CA, USA
Sector: Legal Technology, Artificial Intelligence
Funding Details: Raised $100M in Series C funding, reaching a valuation of $1.5 Billion. The round was led by GV (Google Ventures), with participation from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel.
Purpose of Investment: To scale and enhance its AI-powered technology across various business functions and geographies. The funds will also support investments in engineering, data science, and domain expertise essential for developing AI-native systems designed for complex knowledge work.
Leadership: [No specific leadership names provided; assume the leadership team is continuing under the existing structure.]
Product and Innovation: Harvey provides a comprehensive legal AI platform that offers a suite of products tailored for lawyers and law firms. The platform is designed to support all practice areas and workflows, leveraging advanced large language models that have been trained on complex legal tasks and fine-tuned by domain experts to ensure accuracy and relevance.
Company Growth: Since its last fundraising in December, Harvey has tripled its Annual Recurring Revenue (ARR) and doubled its employee headcount. The platform is widely adopted by tens of thousands of lawyers at some of the world's largest law firms, professional service providers, enterprises, and government agencies.
About the Company: Harvey is at the forefront of transforming the legal industry through artificial intelligence. Its platform simplifies and streamlines various legal processes, allowing legal professionals to work more efficiently and effectively.
Future Plans: With the new funding, Harvey plans to continue its rapid growth trajectory, further develop its AI capabilities, and expand its reach both domestically and internationally. The company is set on reinforcing its position as a leader in the AI-driven legal tech space, providing innovative solutions that reshape how legal work is performed globally.